Jan 08, 2013 9:34 AM ET
Educomp agreed to sell its 50% stake in Eurokids International Limited. PVR purchased controlling stake in Cinemax. United Spirits said UK based Diageo plc postponed the purchase of 26% additional stake scheduled on January 7.
Jan 07, 2013 12:44 PM ET
Stocks were on the defensive on Wall Street after broader indexes gained to a five-year high on Friday. Bank of America agreed to settle claims with Fannie Mae for $10 billion and ten banks agreed to pay $8.5 billion to end foreclosure abuse claims.
Jan 07, 2013 11:24 AM ET
Banks led the gainers in European trading after Basel Committee capitulated to banking industry lobby in revised capital standards implementation. Rolls Royce fell 1.6% after the UK regulator hold bribery inquiry. Faurecia gained 7% on hopes that controlling shareholder Peugeot may sell its stake.
Jan 07, 2013 11:17 AM ET
European markets traded lower but banks led the gainers after Basel Committee capitulated to pressure from large global banks and eased implementation of new capital and liquidity rules.
Jan 07, 2013 10:20 AM ET
Athenahealth agreed to acquire Epocrates Inc for $293 million in cash. Bank of America settled $3.6 billion mortgage claims with Fannie Mae. Illumina agreed to purchase Verinata Health, Inc. for $350 million. Nationstar acquired $215 billion mortgage service rights from Bank of America.
Jan 07, 2013 9:59 AM ET
Stocks in Tokyo turned lower after a sharp rally in the last four sessions in a row as the yen paused from its decline. Aozora Bank plunged after its controlling shareholder Cerberus Capital filed to sell its stake.
Jan 07, 2013 9:20 AM ET
Australian markets eased following softer resource prices. Lynas said it is set to ship from its controversial rare earth processing refinery in Malaysia. Whitehaven Coal rebounds after it resumes trading that knocked off 9%.
Jan 07, 2013 8:49 AM ET
Havells India revised trademark license agreement with its promoter. Indraprastha Gas raised cooking gas price in Delhi area. Marico split its Kaya unit as Marico Kaya Enterprises Ltd. Mahanagar Telephone Nigam delisted from New York Stock Exchange.
Jan 05, 2013 1:56 PM ET
Retailers reported rising sales but consumers held out for deep discounts late in the month and forcing at least 7 major chains to cut earnings outlook. Of the 17 chains, 5 reported a decline in same store sales and 11 chains sales advanced.
Jan 04, 2013 11:41 AM ET
A. Schulman first quarter net declined 13%. Accuray offered weak outlook for the second quarter. Gap acquired Intermix for $130 million in cash. Mosaic second quarter net slid as sales declined 16%. Finish Line third quarter net swung to loss.